Lekoil has finally posted its accounts for 2020, taking an impairment of more than $100 million on a Nigerian asset and acknowledging going concern worries.
“We set it up from day one to focus on free cash flow and, as we’ve grown, that strategy really hasn’t changed. The industry has operated for too long on negative free cash flow.”
Entrepreneur Andrew Austin’s new energy sector investment company expects to raise £31.75 million via its initial public offering, slated for this week.
Alaskan focused oil and gas group, 88 Energy Ltd (ASX:88E) provided a further update on Monday regarding the progress of the group’s Charlie-1 appraisal well on the North Slope of Alaska.
A counter offer has emerged for Anglo African Oil & Gas (AAOG), following Zenith Energy’s offer at the beginning of the week.
An Aberdeen-based oil and gas consultancy has been given the Queen’s Award for Enterprise, one of the most prestigious accolades of its kind in the UK.
Shares in oil field service company Tekmar will start trading on the alternative investment market in London next week.
TransGlobe Energy Corporation said today that it plans to list its common stock on the alternative investment market (AIM) in London.
The oversubscribed £10m placing of Anglo African Oil and Gas plc last week, an introduction to the stock market facilitated by finnCap, highlights an increasingly buoyant fundraising environment enabling companies to capitalise on the growing confidence in the oil and gas sector. The company will use the cash to acquire Petro Kouilou, with a plan to increase production six times of what the field in Congo is currently producing, demonstrating a strong start for the company.
Diversified Oil & Gas (DGO) said it plans to seek admission of its shares to the London Stock Exchange.
The London market pushed higher as investors braced themselves for the Bank of England’s next move on interest rates.
The London market remained in negative territory amid investor concern that weak economic data from China could lead to slower global growth.
Range Resources' share trading on the AIM market will be unaffected by its request for voluntary suspension of its shares on the Australian Stock Exchange.
The London market opened broadly flat, as top flight shares struggled to hold on to gains made earlier this week.
SDX Energy, an Egypt focused exploration company, said it hopes to raise $11million via a private placement and is to float on the London Alternative Investments Market.
Offshore energy services company SeaEnergy has suspended trading in its shares while it takes advice from insolvency practitioners after it revealed it will not be able to complete a sale of its Return to Scene business.
The London market soared to a new high for 2016 as strong economic data from China overshadowed heavy falls from supermarket giant Tesco.
Madagascar Oil is considering delisting from the London Stock Exchange after entering into a framework agreement with its lenders to secure new financing.
Savannah Petroleum has suspended its shares from the Alternative Investment Market.